Mind Aps
Credit rating
Company information
About Mind Aps
Mind Aps (CVR number: 35237437) is a company from KØBENHAVN. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a growth of 14.1 % compared to the previous year. The operating profit percentage was poor at -41.6 % (EBIT: -0.2 mDKK), while net earnings were -152.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -39.2 %, which can be considered poor and Return on Equity (ROE) was -90.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 29 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Mind Aps's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 304.76 | 377.10 | 503.55 | 397.43 | 453.43 |
Gross profit | 170.45 | 207.81 | 260.20 | 198.97 | 217.68 |
EBIT | -69.10 | 5.14 | -52.50 | - 212.43 | - 188.78 |
Net earnings | -59.74 | 0.30 | -41.97 | - 173.02 | - 152.89 |
Shareholders equity total | 101.25 | 101.56 | 168.13 | 195.12 | 142.23 |
Balance sheet total (assets) | 302.01 | 251.77 | 357.93 | 471.60 | 490.64 |
Net debt | -0.47 | -2.24 | -23.65 | -9.41 | -5.82 |
Profitability | |||||
EBIT-% | -22.7 % | 1.4 % | -10.4 % | -53.5 % | -41.6 % |
ROA | -24.3 % | 1.9 % | -17.2 % | -51.2 % | -39.2 % |
ROE | -45.6 % | 0.3 % | -31.1 % | -95.3 % | -90.6 % |
ROI | -47.0 % | 5.1 % | -38.9 % | -117.0 % | -111.9 % |
Economic value added (EVA) | -24.84 | 39.85 | -5.24 | - 130.69 | - 103.94 |
Solvency | |||||
Equity ratio | 33.5 % | 40.3 % | 47.0 % | 41.4 % | 29.0 % |
Gearing | |||||
Relative net indebtedness % | 65.7 % | 39.2 % | 33.0 % | 67.2 % | 75.6 % |
Liquidity | |||||
Quick ratio | 1.5 | 1.7 | 1.9 | 1.7 | 1.4 |
Current ratio | 1.5 | 1.7 | 1.9 | 1.7 | 1.4 |
Cash and cash equivalents | 0.47 | 2.24 | 23.65 | 9.41 | 5.82 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 105.4 | 37.1 | 79.7 | 177.2 | 141.6 |
Net working capital % | 33.2 % | 26.9 % | 33.4 % | 49.1 % | 31.4 % |
Credit risk | |||||
Credit rating | B | B | B | B | B |
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